Areva: EWC calls for quick recapitalization

Worries.  At a press conference organized on Tuesday, November 9th, the representatives of Areva’s WC said they were worried about the delay in recapitalizing the French nuclear group.  “We might not be able to hold up our contractual commitments” warned secretary Maureen Kearney.  “Our international credibility is at stake.”  The representatives are afraid that, if the French state – first shareholder – doesn’t make a decision soon, employees will bear the consequences.  Cost cutting is already felt in Germany, a member of Areva’s Council declared the same day.
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ontractual commitments” warned secretary Maureen Kearney. “Our international credibility is at stake.” The representatives are afraid that, if the French state – first shareholder – doesn’t make a decision soon, employees will bear the consequences. Cost cutting is already felt in Germany, a member of Areva’s Council declared the same day.

Options. The jewel of the French industry needs instant cash. Its net debt is said to be around €5.15 billion. In June 2009, shortly after Siemens, whic

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